NOT LISTED FOR SALE

Estimated Value: $1,615,000 - $1,843,466

10 Beds
8 Baths
4,928 Sq Ft
$351/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $1,655,000 $336 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,908/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Forced Air Heating System

About This Home

As of September 2022

This is a great opportunity to own a excellent income producing beautiful well maintained 4-plex. The building consists of (1) 4BD/3BA, (2) 2BD/1.5BA, and (1) 2BD/1BA. All in excellent condition. There are 4 garages with automatic door opener, one for each unit. Also each unit has its own laundry hookups inside. Washer and dryer in 2 units are included. 4,928 Square Feet of spacious Living Space. This building has a private courtyard and large front area. The property had a regular preventive maintenance. The expenses are based on the current bill. There is no guarantee for the future increase.
 
Tenants pay their own gas, electric and trash.
Please do not disturb the tenants.

Last Agent to Sell the Property

Shelley Kim

New Star Realty & Investment License #02173574 Listed on: 06/27/2022

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,565

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 5,934 Sq Ft Lot
  • 1 Common Wall
  • Brick Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 4,928 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Tile Flooring
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 1 / 3
  • Tax Tract Number 3371
  • Assessor Parcel Number 7347005001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $1,811
  • Water Sewer Expense $3,000
  • New Taxes Expense $21,000
  • Operating Expense $27,251
  • Net Operating Income $71,749

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,565

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.22
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7347005001
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 335.84
  • Room Type: Kitchen, Laundry

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage - Single Door, Private
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5934.00
  • Lot Size Acres: 0.1362

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 99000.00
  • Insurance Expense: 1811.00
  • Lot Size Area: 5934.0000 Square Feet
  • Net Operating Income: 71749.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27000.00
  • Rent Control: Yes
  • Total Actual Rent: 8250.00
  • Total Expenses: 27251.00

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Block: 3
  • Tax Census Tract: 2932.06
  • Tax Lot: 1
  • Tax Tract Number: 3371

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2009
Sold by
Kouyoumdjian Vahe and Kuyumjian Lora A
Bought by
Kouyoumdjian Vahe and Kuyumjian Lora A
Current Estimated Value
$1,732,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Outstanding Balance
$200,651
Interest Rate
4.83%
Mortgage Type
New Conventional
Estimated Equity
$1,531,466

Purchase Details

Closed on
Nov 17, 2009
Sold by
Kouyoumdjian Vahe and Kuyumjian Lora A
Bought by
Kouyoumdjian Vahe and Kuyumjian Lora A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Outstanding Balance
$200,651
Interest Rate
4.83%
Mortgage Type
New Conventional
Estimated Equity
$1,531,466

Purchase Details

Closed on
May 12, 2005
Sold by
Kouyoumdjian Armenui
Bought by
Kouyoumdjian Vahe A

Purchase Details

Closed on
Feb 18, 2003
Sold by
Kuyumjian Vic
Bought by
Kouyoumdjian Vahe A and Kouyoumdjian Armehui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.78%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kouyoumdjian Vahe -- Lawyers Title Company
Kouyoumdjian Vahe -- Lawyers Title Company
Kouyoumdjian Vahe A -- --
Kouyoumdjian Vahe A -- Landamerica Lawyers Title
Kuyumjian Armen -- Landamerica Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kouyoumdjian Vahe $310,000
Previous Owner Kouyoumdjian Vahe A $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2022 09/19/22 Sold $1,655,000 -2.5% $336 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $1,698,000 +6.1% $345 / Sq Ft
04/13/2022 04/13/22 Sold $1,600,000 +10.4% $325 / Sq Ft View Prior Sale
03/30/2022 03/30/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $1,449,000 -- $294 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,565 $1,721,862 $1,097,622 $624,240
2024 $21,565 $1,688,100 $1,076,100 $612,000
2023 $21,153 $1,655,000 $1,055,000 $600,000
2022 $9,442 $706,966 $254,894 $452,072
2021 $9,300 $693,105 $249,897 $443,208
2019 $9,037 $672,549 $242,486 $430,063
2018 $8,907 $659,363 $237,732 $421,631
2016 $8,477 $633,760 $228,501 $405,259
2015 $8,353 $624,241 $225,069 $399,172
2014 $8,393 $612,014 $220,661 $391,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22130013

California Regional Multiple Listing Service (CRMLS)

APN: 7347-005-001